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New Ether Treasury ETHZilla Stock Jumps on Buyback Program

1. ETHZilla announced a $250 million stock buyback program for immediate execution. 2. The firm holds over 102,000 Ether coins, valued at approximately $489 million. 3. ETHZ shares surged 9% following the announcement, reflecting strong investor confidence. 4. The company's shift from therapeutics to cryptocurrency emphasizes a community-focused strategy. 5. Ether's recent price fluctuations may indirectly influence ETHZ's market performance.

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FAQ

Why Bullish?

The substantial buyback plan and growing Ether reserves indicate strong investor confidence, historically leading to price appreciation after similar initiatives.

How important is it?

The company's shift to cryptocurrency and significant buyback program makes this news highly relevant to ETHZ, likely impacting investor sentiment positively.

Why Short Term?

The immediate execution of the buyback could drive short-term price increases, similar to past stock buybacks creating upward momentum.

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